Trump disclosure shows major resorts held steady

Bernard Condon Associated Press Published 2:46 PM EDT May 16, 2019 New York – President Donald Trump’s financial disclosure form shows revenue held steady last year at several of his major hotels and resorts. His Doral golf course and club in Miami generated about $76 million in revenue last year, about $1 million more than in 2017. Mar-a-Lago in Palm Beach, Florida, took in nearly $23 million, a drop of more than $2 million. Trump’s Washington, D.C., hotel near the White House, a magnet for lobbyists and diplomats, generated nearly $41 million, up less than half a million from last year. While Trump has refused to release his tax records, he has been filing the less-specific financial disclosure reports since he began running for president. They list revenues rather than profits, and many figures are in ranges rather than specific dollar amounts. Experts say the Trump business has taken a hit from the president’s divisive policies and rhetoric, though the Trump Organization says much of the business is fine. Trump’s biggest revenue generator among his golf properties, Doral, took in $75 million in revenue in 2017. By comparison, Trump’s “Summer White House,” his golf club in Bedminster, New Jersey, generated $15 million. Mar-a-Lago took in $25 million in 2017 and his Washington hotel generated $40 million. In total, the disclosure report for 2017, released a year ago, showed Trump’s assets – including books he has written, licensing deals and other business ventures – generated revenue of at least $453 million…. [Read full story]